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will cut it again. but that's the way a democracy works. host: next call comes from rachel in foreigny, texas. independent line. hi, rachel. caller: hi. i have two questions to ask you. when these companies move overseas, can they deduct the expense it costs them to -- does it cost us expense for them to move overseas? can they use that as a deductible? and also i respect -- our representatives are 47% because they get free insurance. and i was just wondering what does that cost the taxpayers in taxes? what part of our taxes is taken for their insurance? do you know that answer? guest: i know the answer to your first question and unfortunately i don't know the answer to your second question. the answer to your first question is that, yes, businesses can deduct and are supposed to deduct all of their expenses. and that could include closing down a factory and opening up a factory overseas. it will include, you know, anything. and so democrats have actually proposed, you know, a little change to the tax law which would prevent companies from being able to do that. but it wouldn't raise a
will cut it again. host: rachel in texas. caller: hello. i have two questions to ask. the expense it cost them to move overseas? can that be used as a deductible? our representatives are part of the 47%. what does that cost the taxpayers in taxes? what part of our taxes is paid in their insurance? guest: the answer to the first question is that businesses are supposed to deduct all other expenses and that could include closing down a factory and opening up a factory overseas. it will include anything. so democrats have proposed a little change to the tax law which would prevent companies from being able to do that but it would raise that much money, unfortunately. i'm sorry about the other question about health insurance for lawmakers. host: thomas in winter park, florida. caller: good morning. thank you for taking my call. the current tax code is a descendant of the 16th amendment which says that congress should have the power to lay and collect taxes. if we eliminated the holding period for the sale of a capital asset, what do you think that would provide in terms of a taxable amount? g
and those six adults. charlotte bacon, daniel barden, rachel davino, olivia rose engel, josephine gay, dawn hochsprung, dylan hockley, madeleine hsu, catherine hubbard , chase kowalski, jesse lewis, ana grace marquez-greene, james mattioli, grace mcdonnell, anne marie murphy, emilie parker, jack pinto, noah ponser -- ponser, -- pozner, jessica rekos, avielle richman, laura rousseau, mary cher lack, victoria soto, benjamin wheeler, and allison wyatt. we're going to remember those people for a long time in newtown. we're going to grieve with them and their families. we're also going to take their memories, the beauty of those kids, the heroism of those adults and let it point us, let it point the strong, close-knit community of newtown, connecticut, let it point us to a way that we can survive. with that i'd like to yield to my friend from the third district in connecticut, representative rosa delauro, five minutes. the speaker pro tempore: the gentlelady is recognized for five minutes. ms. delauro: i thank the gentleman and i thank him for the depth of his feeling and the work that he has do
. dawn hochsprung, avenlg 27. anne marie murphy, age 52. lauren rousseau, 30. mary sherlach, 56. rachel davino, age 49. madam speaker, these were real people, real victims, real children and real pictures of newtown, connecticut. the people of connecticut can relate to these victims of the assault and all americans can relate to some extent this crime that's occurred. at this elementary school. madam speaker, i have four kids and 10 grandkids, three of my daughters are teachers by profession. my wife is a first grade elementary school teacher. and no parent, no parent ever wants to bury their child. they just don't want to do that. we never want our children to die in their youth. like these children did. so, madam speaker, we mourn with the families of connecticut. we must honor the victims in our prayers and in our words and ask the good lord to bless them, their families, the people of connecticut and yes, our country. and that's just the way it is. i yield back. the speaker pro tempore: the gentleman's time has expired. the chair recognizes the gentleman from oregon, mr. blumenauer,
. thank you. host: next up is rachel. you are on the air. caller:hi, i am one of the unemployed people in savannah and i was in new jersey and i am so worried of not being able to have enough money to live. it is a very pressing issue to me. host: as you look up this process and what congress and the deadline, what do you think? caller: it is really nerve wracking to may. -- to me. when i heard there was 2 million people out of work, and their lives depend upon a. these people have our money. guest: -- host: if we go over the cliff, what impact will this have on you getting unemployment benefits? caller: that is the question. i called today to put in for my two weeks. it would not even go through. i will not even get a paycheck. i am not getting a check at all. host: thank you for the call. next, gregg in brooklyn. caller: i just really wanted to comment on the fact that i think it is ridiculous they are talking how this is class warfare against the rich when they are not even accounting for the fact that the amount of income, the wealth the rich has in this country is greater than it
Search Results 0 to 4 of about 5

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